AI Evaluation Notes

The prediction stated that Chegg's business would be ruined by free competition from ChatGPT, leading to a significant drop in its stock price before its next earnings report (Q4 2023, reported February 5, 2024). Chegg's Q4 2023 earnings report showed a 24% year-over-year decline in total revenue and a 14% decrease in subscription services revenue, explicitly acknowledging the negative impact of AI competition. News articles widely reported that ChatGPT caused Chegg's stock to crash and severely impacted its business, supporting the qualitative prediction of a ruined business and a significant stock price drop.